The company says that the new virtual payment solution not only helps travellers without a company credit card, but also clients who want to settle their corporate travel centrally. Initially the solution will be used to pay for hotels and low cost carriers, and may also be offered for other content in the future.

For clients and travel managers, this means automated reconciliation of charges for improved accuracy, greater visibility into total cost of travel, increased efficiency and better program compliance, while travellers get a simplified expense management process and less reliance on their personal credit cards for business expenditure.

“Clients are looking to CWT to manage payments for all their travel, across all market segments, online and offline,” said Nick Vournakis, senior vice president, Global Marketing, CWT. “This solution enables us to meet even more of their needs, and we look forward to implementing this innovative product with our clients.”

CWT’s virtual credit card solution works across all GDS platforms, and depending on which country a customer is based, can be offered via CWT’s or the client’s specific card provider.

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